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Thursday, June 4, 2026

Tag: oil prices

Statoil warns of ‘bad’ oil market

Statoil's chief executive Eldar Sætre has issued a new warning that the market for oil can be "really bad for a long time," after the...

New oil price dip hits krone again

As the price for a barrel of Norway's North Sea crude oil sunk once again on Wednesday, so did the value of Norway's currency,...

Norwegians brace for a leaner year

For the first time in years, prices may rise more than paychecks in Norway, while unemployment edges up. That means leaner but not necessarily...

Oil service company loses huge contracts

National Oilwell Varco Norge (NOV) is proving to be the hardest hit of all oil service companies in Norway. Its parent company has now...

Statoil caught in dividend debate

Statoil announced some major new investment in one of its North Sea oil fields on Friday, welcome news for the oil and gas industry...

Krone strengthens on stable rates

Norway's volatile currency, the krone, immediately strengthened against the US dollar and other currencies Thursday morning, after the country's central bank opted against lowering...

Statoil keen to slash more jobs

Statoil, Norway's biggest company, launched another effort to reduce staffing on Tuesday when it offered severance packages to everyone in the company. Statoil aims to cut its...

Statoil contracts boost some suppliers’ fortunes

UPDATED: Norwegian oil company Statoil awarded several new contracts on Tuesday, for maintenance and modifications on its offshore oil fields. Among the winning companies...

‘Krone’ dives after oil prices sink again

Norway's already weakened currency, the krone, took a new dive on Tuesday, falling to its lowest level against neighbouring Sweden's kronor in 20 years....

Storm hit region already suffering

The storm and flooding that severely damaged wide areas of southwestern Norway over the weekend hit a region already swamped by job losses and financial...
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